Quote:
Originally Posted by eschaider
I will suggest to you my earlier statement is 100.00% True! For those who choose not to believe it - that is your right.
Ed
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You need to read the 3rd paragraph of Patrick's link. The only way the executor is liable for any taxes is if they distributed funds/property PRIOR to paying all outstanding taxes. If the estate isn't worth the amount of taxes owed, the full value of the estate goes toward the tax bill. The executor IS NOT liable for the unpaid balance.
Many people have attorney's as executors. Do you really think they would subject themselves to that kind of a liability?
